Guidance on funding a BRRRR in Birmingham Alabama

Guidance on funding a BRRRR in Birmingham Alabama

John StreetBusiness Member
Realtor · Birmingham, AL · Member since 2018 · 26 posts · 22 votes

I have a deal that looks really good on even my worst case calculations with the BP analyzer. 

I would like to BRRRR this project and use a Private Money investor or Hard Money Loan for the purchase and rehab.

I plan to cash out refi the property once the rehab is complete and rented so ideally I would only need the loan for 6 to 9 months before paying it off from the refi.

I know that BP has Hard Money Lenders listed, but are there resources available to help me get in touch with Private Money Investors for this?

I'm in Birmingham, Alabama but open to investors from anywhere in the US.

Thanks in advance!

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  • Lender · Member since 2019 · 86 posts · 30 votes
    6y

    Hard Money/Private Money can provide up to 90% PP and 100% Rehab on Fix & Flips that can be advanced at closing or reimbursement style draws and can close in 2 weeks - Refinances starting at 4% with a great min 550 FICO and no seasoning for BRRR

  • John StreetBusiness Member
    OP
    Realtor · Birmingham, AL · Member since 2018 · 26 posts · 22 votes
    6y

    @Oliver Carey thank you for the info!

  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    6y
    Originally posted by @Oliver Carey:

    Hard Money/Private Money can provide up to 90% PP and 100% Rehab on Fix & Flips that can be advanced at closing or reimbursement style draws and can close in 2 weeks - Refinances starting at 4% with a great min 550 FICO and no seasoning for BRRR

    Oliver, what markets are you lending in?

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